Last updated: October 9, 2017 edit

What is Ripple?

Industry Money transfer & real-time exchange network
Similar to Stellar

Ripple delivers a single, frictionless experience for global payments. Rather than a constellation of disparate technologies, unstandardized communications and centralized networks, Ripple is a single, global network of banks that send and receive payments via Ripple’s distributed financial technology — providing real-time messaging, clearing and settlement of transactions.

About XRP

Genesis Date 1 January 2012
Type Currency
Protocol N/A
Available supply XRP
Total supply XRP

Purpose of the token

The Ripple Token is used as a mechanism to prevent spamming on the network from users, forcing a cost would-be malicious users. The token also acts as the native asset on the blockchain, allowing user to pay for assets via XRP.

Latest Ripple (XRP) News